Macerich Keeps Dividend Steady

Regional mall REIT Macerich (NYSE: MAC) announced today its third-quarter dividend of $0.58 per share, the same rate it's paid for the past three quarters after raising the payout 5% from $0.55 per share.

The board of directors said the quarterly dividend is payable on September 6 to holders of record at the close of business on August 20. The regular dividend payment equates to a $2.32-per-share annual dividend, yielding 3.7% based on the closing price today of Macerich's stock.

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